RTN - Raytheon Company

NYSE - NYSE Delayed Price. Currency in USD
181.32
+0.76 (+0.42%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close180.56
Open182.77
Bid165.00 x 1200
Ask183.51 x 800
Day's Range179.35 - 183.10
52 Week Range144.27 - 210.89
Volume2,087,996
Avg. Volume2,105,761
Market Cap50.505B
Beta (3Y Monthly)1.02
PE Ratio (TTM)16.91
EPS (TTM)10.72
Earnings DateJul 25, 2019
Forward Dividend & Yield3.77 (2.09%)
Ex-Dividend Date2019-07-09
1y Target Est208.64
Trade prices are not sourced from all markets
  • Raytheon wins $11M Tucson contract for shoulder-fired missile
    American City Business Journals5 hours ago

    Raytheon wins $11M Tucson contract for shoulder-fired missile

    The joint project with Lockheed Martin will develop a new variant of the one-man weapon system. The project supports nearly 200 jobs.

  • United Technologies Earnings Top; Dow Jones Stock Rises
    Investor's Business Daily13 hours ago

    United Technologies Earnings Top; Dow Jones Stock Rises

    United Technologies topped second-quarter estimates as the Dow Jones component plans a Raytheon takeover. Shares rose early Tuesday.

  • Barrons.com14 hours ago

    United Technologies’ Strong Earnings Could Aid Foes of Raytheon Deal

    The strong performance of the company’s aerospace business could make the Raytheon merger look less appealing, especially as United Technologies’ Pratt & Whitney unit finally looks ready to deliver strong growth.

  • Barrons.com15 hours ago

    United Technologies Earnings Just Crushed Forecasts. It’s Good News for Aerospace Investors.

    United Technologies reported $2.20 in earnings per share for the second quarter. Wall Street was expecting $2.05.

  • Barrons.com16 hours ago

    United Technologies CFO Defends Raytheon Deal

    Plans to merge United Technologies’ aerospace business with Raytheon have caused consternation among some investors. But United Tech’s CFO thinks the market is missing several key benefits.

  • MarketWatch16 hours ago

    Mark Esper confirmed as defense secretary in 90-8 Senate vote

    The Senate on Tuesday confirmed Mark Esper as defense secretary in a vote of 90-8. Esper is a former lobbyist for Raytheon Co. and served in the U.S. Army and National Guard. Esper will be sworn in by the end of the day, writes the Associated Press.

  • Reuters17 hours ago

    UPDATE 3-Former lobbyist Esper sworn in as Pentagon chief

    Army Secretary Mark Esper was sworn in as U.S. secretary of defense on Tuesday, hours after being confirmed by the Senate in a strong bipartisan vote that ended the longest period by far the Pentagon had been without a permanent top official. Esper was sworn in at the White House by U.S. Supreme Court Justice Samuel Alito in a ceremony hosted by President Donald Trump and attended by a number of Republican lawmakers. "That's a vote that we're not accustomed to, Mark.

  • United Technologies says Raytheon merger will return $20B to shareholders by 2023
    American City Business Journals17 hours ago

    United Technologies says Raytheon merger will return $20B to shareholders by 2023

    The CEO of United Technologies Corp. touted what he says are the financial advantages of a planned merger with Waltham-based Raytheon Co. in upcoming years, appearing to address complaints about the deal in recent weeks from high-profile investors.

  • Were Those Earnings Really That Good?
    Bloomberg17 hours ago

    Were Those Earnings Really That Good?

    (Bloomberg Opinion) -- Good news comes with baggage for industrial companies this earnings season. United Technologies Corp., Stanley Black & Decker Inc. and Sherwin-Williams Co. all reported better-than-expected second-quarter earnings per share on Tuesday, but each company also gave investors new data points to worry about.For United Technologies, it was the fact that its aerospace businesses seem to be the only thing driving its improved outlook for sales and earnings in 2019. New equipment orders dropped 12% at Carrier in the period and 6% at the Otis elevator division, echoing reports of damped enthusiasm from industrial distributor Fastenal Co. and indications of an overall stagnation in new U.S. factory orders in June from the Institute for Supply Management. Stanley and Sherwin-Williams both left their full-year adjusted profit guidance unchanged despite notable beats in the second quarter, suggesting a cautious outlook on the rest of the year. Indeed, Stanley modestly reduced its expectation for volume growth amid a weaker outlook for industrial and emerging markets. Sherwin-Williams now expects overall revenue to increase only as much as 4% in 2019, down from an April projection of as much as 7%. Both companies think they can make up ground via price increases, but such sales weakness is troubling because Stanley and Sherwin-Williams can also be good proxies for the housing market and consumer demand.Despite the mixed results, stocks of all three companies rose Tuesday. Sherwin-Williams hit a new high and was on track for its biggest gain since 2009, while Stanley saw its biggest intraday gain since December. This is partly a reflection of lowered expectations. Industrial companies within the S&P 500 command a price-earnings ratio of about 17.5, a 10% discount to the broader benchmark’s  valuation of 19.5 times profit. The average discount over the past five years is closer to 4%. Stanley had been down nearly 2% in the year leading up to Tuesday’s earnings report, owing in part to margin pressure it flagged earlier in the year. United Technologies has missed out on a nearly 4% gain in the S&P 500 after announcing a merger with Raytheon Co. that’s roused pushback from activist investors Bill Ackman and Dan Loeb.Generally speaking, though, investors appear to be choosing to prioritize the good headlines over the bad. Pentair Plc rose as much as 5.1% on Tuesday, despite relying mostly on tax benefits to beat analysts' second-quarter earnings estimates and cutting its organic growth guidance for the year. The International Monetary Fund further reduced its global growth outlook on Tuesday, saying a projected pickup from 2019’s pace in 2020 is “precarious,” with the principal risk factors being the U.S.’s various trade battles and Brexit. But for now, industrial companies are drawing on every means they have to keep the boom going, whether that’s relying on the still-robust aerospace market, pushing through price increases and cost cuts, or simply wagering a Federal Reserve interest-rate cut will boost investment.The thing about price increases is they get much trickier to pass along if demand starts to wobble. Stanley is also feeling the pain from the U.S.-China trade war. It now expects a $390 million hit to 2019 earnings from tariffs, currency swings and rising commodity prices, up from $340 million previously. Come 2020, United Technologies’ Carrier and Otis units will be spun off as independent companies, freeing the company from any future underperformance. Currency swings wiped out the modest organic revenue gain at Carrier in the second quarter, leaving it with a 1% decline in overall sales for the first six months of the year, and United Technologies lowered its full-year sales and profit outlook for the division. The flip side of United Technologies’ breakup is that it will be more exposed to an eventual downturn in aerospace markets without those two divisions, something it hopes to offset by expanding its defense business through the Raytheon deal.This willingness to look past trouble spots will be put to the test later this week when Caterpillar Inc. and 3M Co. report.(Updates stock activity in the third and fourth paragraphs.)To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Lockheed Martin (LMT) Beats on Q2 Earnings, Hikes '19 View
    Zacks18 hours ago

    Lockheed Martin (LMT) Beats on Q2 Earnings, Hikes '19 View

    Lockheed Martin's (LMT) second-quarter 2019 earnings increase owing to solid sales and operating profit growth.

  • Factors Likely to Influence Raytheon's (RTN) Earnings in Q2
    Zacks18 hours ago

    Factors Likely to Influence Raytheon's (RTN) Earnings in Q2

    Raytheon's (RTN) second-quarter 2019 results are likely to benefit from steady order growth. Yet, poor margin performance at two of its major segments might limit earnings growth.

  • TheStreet.com22 hours ago

    [video]United Technologies Posts Earnings Beat and Raises Guidance

    Aerospace giant United Technologies reports earnings and revenue that beat analysts' estimates and it raises its full-year guidance.

  • Why Boeing Investors Should Have India on Their Radar
    Market Realist2 days ago

    Why Boeing Investors Should Have India on Their Radar

    Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India's armed forces modernize.

  • Defense Stock Due to Break Out
    Schaeffer's Investment Research2 days ago

    Defense Stock Due to Break Out

    Shares of RTN have struggled to push above $185 this year, but a breakout could be imminent

  • Barrons.com2 days ago

    United Technologies Is Set to Report Earnings on Tuesday. Here’s What to Expect.

    The second quarter was eventful for the aerospace industry and for United Technologies. So there is a lot for investors to think about in the second half of 2019.

  • Biggest Defense Companies in the Stock Market
    Motley Fool5 days ago

    Biggest Defense Companies in the Stock Market

    Who has the biggest arsenals in the weapons business?

  • Lockheed Martin, Northrop, Raytheon To Report As Defense Stocks Surge
    Investor's Business Daily5 days ago

    Lockheed Martin, Northrop, Raytheon To Report As Defense Stocks Surge

    Earnings for the top defense stocks are on tap next week with Lockheed Martin, Northrop Grumman, General Dynamics and Raytheon set to report.

  • PR Newswire5 days ago

    Raytheon and UK Ministry of Defence team to develop new UK space capabilities

    Team ARTEMIS Industry will build foundation for future UK space defence programmes LONDON , July 19, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) today signed a Memorandum of Understanding with the UK Ministry ...

  • Arizona aerospace and defense companies bounce back after federal budget cuts
    American City Business Journals5 days ago

    Arizona aerospace and defense companies bounce back after federal budget cuts

    Defense industry players in the Valley and Pima County took it on the chin in 2013 when U.S. budget sequestration included $42.7 billion in federal government defense cuts. Those painful days are now in the past and the sector is surging, with more hiring and new contracts.

  • Trump Balks At Turkey Sanctions Despite U.S. Law On Russian Weapons
    Investor's Business Daily6 days ago

    Trump Balks At Turkey Sanctions Despite U.S. Law On Russian Weapons

    President Trump said Thursday his administration isn't looking at imposing economic sanctions on Turkey now, despite a law that requires penalties for increasing reliance on Russian weapons.

  • Reuters6 days ago

    U.S. Senate expected to confirm Trump's second Secretary of Defense next week

    The U.S. Senate is due to vote next week to confirm Mark Esper as President Donald Trump's second Secretary of Defense, ending the longest period by far that the Pentagon has been without a permanent top official. The Senate Armed Services Committee approved Esper's nomination during a closed meeting on Thursday. Senator Jim Inhofe, the panel's Republican chairman, said he hoped the confirmation vote in the full Senate would begin as soon as Monday.

  • Aviation Is the Rope in the Tug of War Over GE Stock
    InvestorPlace6 days ago

    Aviation Is the Rope in the Tug of War Over GE Stock

    After a big rally, General Electric (NYSE:GE) stock has stalled out. General Electric stock has traded sideways for about a four and half months now, staying mostly in a range between $9 and $10.25.Source: Shutterstock It's not terribly difficult to see why that is. After a long decline over the last few years - including two dividend cuts - investors and analysts don't entirely trust General Electric stock. To some, including InvestorPlace columnist Dana Blankenhorn, GE's debt and pension liabilities suggest years of pain ahead. To others, the long-awaited turnaround is at hand. * 7 Stocks Top Investors Are Buying Now Increasingly, it seems like it will be GE Aviation that determines whether the bulls or bears will prove correct. That's not terribly surprising, of course: Aviation is GE's most profitable, and likely its most valuable, business. It generated roughly 60% of the company's segment-level profit last year, according to General Electric's 10-K filing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the gap between bulls' and bears' views of what Aviation truly is worth appears to be widening. The issues at Boeing (NYSE:BA) add a dose of uncertainty to the debate. Skeptics and believers see the unit's performance at the recent Paris Air Show very differently. Indeed, they see the future of the unit very differently.Heading into the second half of 2019, with GE's Q2 earnings two weeks away, it seems likely that the continuing argument over GE stock is going to come down to GE Aviation. A Big Win for GE AviationOn its face, the Paris Air Show last month - the industry's biggest event - seems like a win for General Electric. GE Aviation and its joint venture booked a record combined $55 billion in orders, per a company press release. That was up from $31 billion the year before.Obviously, that $55 billion isn't turning into revenue in 2020 or even necessarily by 2025. But with commercial aircraft demand still strong, it suggests that GE Aviation at worst is keeping pace with competing engine builders. That notably includes United Technologies (NYSE:UTX) unit Pratt & Whitney, which has taken market share in recent years.Meanwhile, the merger of UTX and Raytheon (NYSE:RTN) potentially creates a more formidable competitor on the defense/military side as well. And the delays of GE's new GE9x turbine engine hampered Boeing's launch of its 777x. After that news, and with its competition improving, GE Aviation needed a strong showing - and got it.Right? General Electric Stock Stays StuckPerhaps. But GE stock bears weren't so sure and apparently, neither were investors. Even as stock markets raced to all-time highs, the lid stayed on GE stock.And two noted skeptics cast doubt on the headline. Stephen Tusa, who has been a prescient bear on GE stock for years now, went as far as to call the order figure "a smoke screen." He argued that new engines - including the GE9x and the LEAP, the latter of which is manufactured in a joint venture with Safran SA (OTCMKTS:SAFRY) - might not be as profitable as GE's past models.John Inch of Gordon Haskett seemed to agree. Both analysts argued that the unit's 2018 earnings - and remember, 2018 was a disastrous year for GE as a whole - were likely above its long-term averages. As a result, Tusa argued that GE Aviation was worth potentially less than $40 billion, with Inch citing a $50 billion ceiling.Of course, as Barron's noted, other analysts saw it differently. Both Citigroup and Barclays saw the order growth as impressive. Those analysts are among the bulls who value GE Aviation in the range of $80 billion -$100 billion.Those differing valuations have an enormous impact on GE stock. What Aviation Means for GE StockWhat seems to be a $30 billion-$60 billion discrepancy on Aviation's valuation leads to very different views on GE stock. On its own, that range suggests a $3.40-$6.80 per share impact to a "sum of the parts" model.But that's not the only impact. Again, GE has a huge amount of debt. A stronger Aviation business will produce more cash flow that can be used to pay down that debt. It also gives GE more ways to raise money; a spin-off or partial sale of the unit can be used to raise capital, for instance.A weaker Aviation business, however, leaves GE in something close to trouble. The Power business still is a mess. GE Healthcare's profits are coming down after the company sold GE Biopharma to Danaher (NYSE:DHR) for $21 billion. Aviation matters not just in terms of paper valuation; it has to drive much of the growth and cash flow that GE needs to create.The importance of Aviation can be seen in the relative price targets of the four analysts, as Barron's pointed out. Tusa and Inch value General Electric stock at $5 and $7, respectively. Barclays sees GE stock getting to $13, and Citigroup estimates that GE stock is worth $14 per share. On the SidelinesA weaker Aviation business would be bad news for GE stock. I argued last year in a detailed analysis that GE, in a breakup, likely was worth at most $14-$16 per share. Including the costs of a breakup, its value is something closer to $9-$11. That was based on an estimated valuation of Aviation, using its 2017 results, of nearly $100 billion.Not all that much has changed since then, though the arrival of new CEO Larry Culp has sparked optimism towards the company's future. But if Aviation "really" is a $50 billion or a $70 billion business, it gets tougher to argue that GE stock can rise. And given that I'm skeptical that the 737 MAX issues - which already are expected to hit GE's cash flow by $200-$300 million - will be resolved soon, I'm not expecting investors' sentiment towards the unit to improve much as the year goes on.As I've written before, I'm rooting for GE stock. It's an iconic American company, and I'd love for long-suffering shareholders to see a rebound.But its problems are real. Its current collection of businesses isn't all that attractive anymore. General Electric stock needs Aviation to be a big winner - and if there are any signs at all that it won't be, it gets very difficult to pound the table for GE stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Aviation Is the Rope in the Tug of War Over GE Stock appeared first on InvestorPlace.

  • Pentagon Eyes Bold New Strategy For War Against Russia, China
    Investor's Business Daily6 days ago

    Pentagon Eyes Bold New Strategy For War Against Russia, China

    The Pentagon is crafting a bold strategy for a potential war against Russia or China, shifting military spending priorities for defense stocks.

  • Raytheon (RTN) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks6 days ago

    Raytheon (RTN) Reports Next Week: Wall Street Expects Earnings Growth

    Raytheon (RTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters6 days ago

    UPDATE 2-Turkish defence firms set to lose billions after F-35 removal

    Turkish defence companies helping to build F-35 stealth fighter jets are set to lose work worth billions of dollars after Washington said it was removing Turkey from the programme over its purchase of a Russian missile defence system. Eight Turkish firms have been involved in producing the advanced fighter jets, supplying hundreds of items including parts for cockpit display systems and landing gear, on contracts the Pentagon said would have been worth $9 billion over the course of the programme. The head of Turkey's Defence Industry Directorate acknowledged on Thursday that the U.S. decision to move the work elsewhere - and the potential for additional U.S. sanctions - would be a setback for those companies.